Securities and Exchange Commission v. Central-Illinois Securities Corp.
338 U.S. 96 · Decided June 27, 1949 · Supreme Court of the United States
At a glance
Securities and Exchange Commission v. Central-Illinois Securities Corp. was decided on June 27, 1949 unanimously (7–0). The Court reversed the lower court's decision and remanded the case. Justice Wiley B. Rutledge wrote the opinion of the Court. SCDB classifies its main issue as “Securities regulation” in the Economic Activity area.
Read the opinion
Case details
- Citations
- 338 U.S. 96 · 69 S. Ct. 1377 · 93 L. Ed. 2d 1836 · 1949 U.S. LEXIS 2985
- Docket number
- 226
- Decided
- June 27, 1949
- Argued
- January 12, 1949
- Court era
- Vinson Court
- Decision type
- Opinion of the Court (orally argued)
- Disposition
- Reversed and remanded
- Outcome for petitioner
- The petitioning party received a favorable disposition
- Vote
- 7–0 (unanimous)
- Majority opinion
- Wiley B. Rutledge
- Opinion assigned by
- Fred M. Vinson
- How the case arrived
- Certiorari
- Issue (SCDB)
- Securities regulation
- Issue area
- Economic Activity
- Legal provision
- 15 U.S.C. § 79
- Type of law
- Infrequently litigated statute
- Decision direction (SCDB)
- Liberal what this means
How the Justices voted
| Justice | Vote | Separate writing |
|---|---|---|
| Justice Hugo L. Black | Majority | |
| Justice Stanley F. Reed | Majority | |
| Justice Felix Frankfurter | Majority | |
| Justice Frank Murphy | Majority | |
| Justice Wiley B. Rutledge | Majority | Wrote an opinion |
| Justice Harold H. Burton | Majority | |
| Chief Justice Fred M. Vinson | Majority |
Did not participate: William O. Douglas, Robert H. Jackson.
Full case caption
Securities and Exchange Commission v. Central-Illinois Securities Corp. et al.
SCDB identifiers: case 1948-120, docket 1948-120-01.
Related decisions
Other cases on “Securities regulation”
- Niagara Hudson Power Corp. v. Leventritt
- Securities & Exchange Commission v. Chenery Corporation
- Board of Governors of the Federal Reserve System v. Agnew
- American Power & Light Co. v. Securities & Exchange Commission
- Securities & Exchange Commission v. Ralston Purina Co.
- Wilko v. Swan
Cases on the same legal provision: 15 U.S.C. § 79
- Securities and Exchange Commission v. Louisiana Public Service Commission
- Securities and Exchange Commission v. New England Electric System
- Securities and Exchange Commission v. New England Electric System
Same Term, same area (Economic Activity)
- Mandel Brothers, Inc. v. Wallace
- Ford Motor Co. v. United States
- Eckenrode v. Pennsylvania Railroad Co.
- Kordel v. United States
- United States v. Urbuteit
- Grand River Dam Authority v. Grand-Hydro
Source: Supreme Court Database, 2026 Release 01 (data file dated September 8, 2026). Imported into CaseTrail November 5, 2026. Coverage: decisions from the 1946 through 2025 Terms. Methodology · Report an error